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New York Auctions 126 New Taxi Licenses

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New York Auctions 126 New Taxi Licenses

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New York Auctions 126 New Taxi Licenses

New York Auctions 126 New Taxi Licenses

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  • <iframe src="https://www.npr.org/player/embed/1850478/1850479" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Margot Adler reports on New York City's annual auction for taxi medallions. A taxi medallion is a license to own a cab. About 270 people participated in yesterday's auction of 126 new medallions.